Airbnb Inc. announced on Thursday that its revenue in the fourth quarter of fiscal 2024 came in at $2.5 billion, increasing 12% year over year and exceeding analysts' expectations. Net income in the reported period rose on an annual level to $461 million compared to a net loss of $349 million in the same quarter of 2023 and net diluted income per share stood at $0.73.
Nights and experiences booked saw a yearly increase of 12% compared to a year ago, amounting to $110 million. Full-year 2024 revenues were $11.1 billion, soaring 12% compared to the 2023 figure. For the first quarter of fiscal 2025, the company expects revenue of $2.23 billion to $2.27 billion, with a year-over-year growth of between 4% and 6%.
"In 2024, we outpaced the travel industry's growth, with revenue, nights booked, and GBV all accelerating in Q4. This growth reflects the significant improvements we've made to Airbnb's usability, affordability, and reliability—and we're excited to build on this momentum in 2025," the company's CEO Brian Chesky noted. The company's shares jumped 14.44% in the after-hours trading following the release.
